Chemtura Corp (NYSE:CHMT): Are Hedge Funds Right About This Stock?

Chemtura Corp (NYSE:CHMT) has seen a decrease in hedge fund sentiment in recent months.

At the moment, there are tons of methods market participants can use to monitor their holdings. A pair of the most useful are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top fund managers can trounce the broader indices by a very impressive amount (see just how much).

Equally as integral, bullish insider trading activity is a second way to parse down the financial markets. Just as you’d expect, there are many stimuli for an insider to cut shares of his or her company, but only one, very clear reason why they would buy. Various empirical studies have demonstrated the impressive potential of this strategy if piggybackers know where to look (learn more here).

Keeping this in mind, it’s important to take a gander at the key action regarding Chemtura Corp (NYSE:CHMT).

What does the smart money think about Chemtura Corp (NYSE:CHMT)?

Heading into 2013, a total of 25 of the hedge funds we track were bullish in this stock, a change of -7% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were increasing their holdings substantially.

According to our comprehensive database, York Capital Management, managed by James Dinan, holds the most valuable position in Chemtura Corp (NYSE:CHMT). York Capital Management has a $55 million position in the stock, comprising 1.4% of its 13F portfolio. On York Capital Management’s heels is David Gallo of Valinor Management LLC, with a $46 million position; the fund has 2% of its 13F portfolio invested in the stock. Remaining hedgies that are bullish include D. E. Shaw’s D E Shaw, Curtis Schenker and Craig Effron’s Scoggin and Alexander Mitchell’s Scopus Asset Management.

Because Chemtura Corp (NYSE:CHMT) has faced falling interest from the aggregate hedge fund industry, it’s easy to see that there was a specific group of hedgies who sold off their entire stakes at the end of the year. Intriguingly, Joshua Friedman and Mitchell Julis’s Canyon Capital Advisors sold off the biggest investment of all the hedgies we watch, totaling about $15 million in stock.. John London and Steve Weinstein’s fund, SuttonBrook Capital, also sold off its stock, about $11 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest was cut by 2 funds at the end of the year.

How have insiders been trading Chemtura Corp (NYSE:CHMT)?

Insider buying is at its handiest when the company in question has seen transactions within the past 180 days. Over the last six-month time frame, Chemtura Corp (NYSE:CHMT) has experienced 2 unique insiders buying, and zero insider sales (see the details of insider trades here).

With the results demonstrated by Insider Monkey’s time-tested strategies, retail investors should always pay attention to hedge fund and insider trading activity, and Chemtura Corp (NYSE:CHMT) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!